Owl Rock Capital Corporation II to Repurchase Shares
May 19, 2020 | Luke Schmidt | Blue Vault
On May 18, 2020, Owl Rock Capital Corporation II (“ORCCII”) announced its intentions to purchase for cash up to approximately $16.3 million of its common shares. ORCCII will use proceeds from its distribution reinvestment plan to repurchase the shares. The offer is for cash at a price equal to the net offering price per share in effect as of June 24, 2020. The offer will expire at 11:59 P.M., EST on June 22, 2020.
As of March 31, 2020, ORCCII reported total assets of approximately $1.7 billion, with total investments of $1.6 billion. Since commencing its initial public offering and through May 12, 2020, the Company has issued 125,099,216 shares of common stock for gross proceeds of approximately $1.2 billion, including seed capital contributed by the adviser in September 2016 and approximately $10 million in gross proceeds raised from certain individuals and entities affiliated with the adviser.
Source: SEC, Blue Vault
